Premier Foods (PFD)

Sector:

Food

Index:

FTSE Small Cap

46.00p
   
  • Change Today:
      0.80p
  • 52 Week High: 47.80
  • 52 Week Low: 18.46
  • Currency: UK Pounds
  • Shares Issued: 848.26m
  • Volume: 3,248,410
  • Market Cap: £390.20m
  • RiskGrade: 379

Premier Foods sales rise, FY guidance reaffirmed

By Michele Maatouk

Date: Wednesday 17 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Mr Kipling and Batchelors owner Premier Foods reported a rise in first-quarter sales on Wednesday as it reaped the benefits of an advertising campaign, and backed its full-year guidance.
In the 13 weeks to 29 June, total group sales ticked up 1.1%, with branded sales 2.9% higher. In the UK, total sales rose 2.6%, while branded sales were 4.9% higher. Sales of Mr Kipling - its largest brand - pushed up 10% in the quarter.

Both Grocery and Sweet Treats delivered market share gains during the period, with "notably good" performances from Ambrosia, Sharwood's, Bisto and Cadbury cake.

The company's international business fared less well, as expected, with sales down 18% due to slower sales in Ireland. This was attributed to the unwinding of Brexit-related stock in Irish customers' supply chains. Still, the group said it expects the international business to return to sales growth in subsequent quarters.

Chief executive officer Alastair Murray said: "As we previously noted, we are increasing our consumer marketing investment this year and both Mr Kipling and Batchelors have already benefitted from TV advertising campaigns in the first quarter.

"Many of our largest brands have built on strong category positions and grown market share, and we achieved branded growth in the quarter of nearly 3%. These figures provide evidence that the company's strategy is delivering results. Our expectations for the full year remain unchanged."

At 1300 BST, the shares were up 0.4% at 37.59p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Premier Foods Market Data

Currency UK Pounds
Share Price 46.00p
Change Today 0.80p
% Change 1.77 %
52 Week High 47.80
52 Week Low 18.46
Volume 3,248,410
Shares Issued 848.26m
Market Cap £390.20m
RiskGrade 379

Premier Foods Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.47% above the market average73.47% above the market average73.47% above the market average73.47% above the market average73.47% above the market average
79.31% above the sector average79.31% above the sector average79.31% above the sector average79.31% above the sector average79.31% above the sector average
Price Trend
84.08% above the market average84.08% above the market average84.08% above the market average84.08% above the market average84.08% above the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average
Income Not Available
Growth
9.21% below the market average9.21% below the market average9.21% below the market average9.21% below the market average9.21% below the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Premier Foods Dividends

No dividends found

Trades for 26-May-2020

Time Volume / Share Price
16:35 197,035 @ 46.00p
16:29 70 @ 45.80p
16:29 2,181 @ 45.80p
16:29 1,331 @ 45.80p
16:29 1,040 @ 45.80p

Premier Foods Key Personnel

CEO Alex Whitehouse
CFO Duncan Leggett

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